Guy's:
Drag racing is an NAR contest event. It's kind of hard to violate regulations of a National Sanctioned contest event that has it's own set of rules in the "Pink Book".
Drag race is a heat elimination event..Its a lot of fun. I used to do this with the Cub and Boy Scouts quite a bit. I even built a special "drag race tandom drag race launcher with dual contestant launch buttons and a master control panel... but a dual clip whip will do with a good battery supply and contorller.
Scoring each drag race heat, the judges award 1 point each for "first motion, Lowest altitude, and longest duration. The contestant with the most points for the heat, moves on to the next round until the last 2 contestants face off in the final round. most points in the final heat wins.
So you see there really is some strategy involved as well as actually building a model for the event. Depending on the number of contestants and/or heats your can burn up a lot of motors and an afternoon really fast with this event, but it really is a lot of fun

I remember one very enterprising fellow that flew a very short stubby rocket with 4 folded 20 foot long streamers attached to the extended outside tips of the fins. He won all 3 points in his first 4 heats, but lost a streamer in the fifth. Talk about building for the event!